Former OFWs trained to ‘wisely manage’ earnings

Former overseas Filipino workers (OFWs) had undergone financial literacy training that aimed to guide them on how to set up small businesses, know the advantages of investing their money, and detecting investment scams.

Senator Cynthia Villar, who led the training, stressed that it is important for OFWs to learn how to properly manage their hard-earned money when they return to the country and decide to stay here for good.

Overseas workers, she said, must be armed with the right know-how on how they can grow and use their savings to ensure the good future of their families.

“They worked hard and sacrificed their time with their families so they will have a bright tomorrow. It will be disheartening, and more so frustrating, if they do not use their savings wisely,” said Villar, an advocate for OFW welfare and protection.

“Our workers need all the help and support when it comes to handling their savings. It is heartwarming to hear their success stories, and it is with pride that I align myself as among the many protectors and supporters of our OFWs,” she added.

During the seminar held Tuesday, Financial Education courses were facilitated by Ronnie Billones, Joy Sanchez and Nolan Ray Lazaro of The Global Filipino Investors (TGFI). They talked about budgeting, steps on growing your money, and personal finance planning.

Dubbed as “Seminar on Socio-Economic Reintegration and Financial Education for OFWs,” the training also helped attendees understand how money works, how to manage it, and how to earn or make it.

It likewise taught OFWs available reintegration programs that are implemented by both government and non-government organizations and offered livelihood opportunities for selfemployment and as a means of income generation for the family.